A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows.
Bitcoin's slow decline from the July peak near $32,000 has traders focusing on a trendline to indicate the cryptocurrency's directions.
The bullish trendline in consideration connects the early January low and the swing lows registered in March and June. As of writing, the trendline was located below $28,000, with bitcoin changing hands near $28,600. "As a swing trader, I would respect the violation of the trendline. So, my positions would be either short or flat," Brandt, who has been trading foreign exchange and commodity markets for over thirty years,"Only if a bear trap is actually 'sprung' would I consider it a bullish development. I strongly prefer horizontal chart construction," Brandt added.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin (BTC) Price Prediction & Forecast for 2023-2026Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
Weiterlesen »
Fundstrat’s Tom Lee Predicts Bitcoin Price Will Surge to $150,000 if This HappensPermabull Tom Lee has shared yet another uber-bullish Bitcoin price prediction
Weiterlesen »
The Fall 2023 Couture Trend Report: Beauty and Body Anxiety Come Together at the ShowsFrom classical dresses to extra-extra-large looks, the top trends from the couture season
Weiterlesen »
MALAYSIA CHAMPIONSHIP SERIES 2023 - Sepang International CircuitThe Malaysia Championship Series (MCS) is a national racing series promoted and organised by Sepang International Circuit (SIC) as an initiative to promote and develop 4-wheel racing sports in Malaysia. The series originated from the old Malaysian Super Series (MSS) championship, which was introduced in 2002 – three years after Formula 1 first came into […]
Weiterlesen »
Pokemon World Championships 2023 - A Lifetime of Catching Them AllPokemon World Championships are a chance to celebrate every life the franchise has touched, and the love we share in being a trainer.
Weiterlesen »
3 New Hotels To Build A Trip Around In 2023 From Miami to Upstate New YorkEvery year, Condé Nast Traveler reveals its annual Hot List spotlighting the best new hotels, restaurants, and more around the world. In our third and final episode of 2023 we’re visiting Wildflower Farms in Upstate New York, Mayfair House Hotel & Garden in Miami, Florida and Conrad Los Angeles in Downtown L.A.
Weiterlesen »